Lands' End confirms receipt of letter from Edward Lampert requesting strategic sale process

LANDS' END, INC.

Edward S. Lampert requested the Company initiate a strategic sale process to maximize shareholder value.
Board Chair Josephine Linden states the Board is reviewing the letter and committed to shareholder interests.
Perella Weinberg Partners serves as financial advisor; Wachtell, Lipton, Rosen & Katz as legal advisor.

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